BWV 2006 Dues

[DebbieB]

Just got the mail and the 2006 meeting and budget announcement was there. BWV for 2006 is $4.69, up from $4.41, about a 6.3% increase.

Breakout:

Operating: 3.23, up from 3.04
Capital Reserves: .52, same
Taxes: .94, up from .85

 

[RAD]

They also showed $16,867,424 estimated to be in the interior refurbishment fund at the end of this year. IMHO I'd like to see them start to spend some of those dollars to do some refurbisments in the units, they're starting to show their age a bit.

 

[CaliforniaDreaming]

We got ours, too. Is this a typical increase?

 

[DebbieB]

We got ours, too. Is this a typical increase?

Here's what I have since 1999:

1999 - 4.02
2000 - 3.94 -2%
2001 - 3.82 -3%
2002 - 3.92 +3%
2003 - 4.11 +5%
2004 - 4.25 +3%
2005 - 4.41 +4%
2006 - 4.69 +6%

 

[lovewdwdvc]

Does anyone know whereI can find the Dues history for all of the DVC's. Thanks

 

[PKS44]

This seems excessive to me...this is the biggest increase in some time..
the breakdown is that several things went down a little and some went up, I would say inexplicably--alot..


Insurance- up from $506,847 to $845862 (+67%) Hurricanes? Seems a huge jump to me.

Transportation- up from $954093 to $1,260,670 (+32%) Fuel costs? I am looking forward to seeing what the other resorts transportation budgets show to see if this is consistent...


finally the biggest change (money wise not percentage wise)is:
Administration and FRONT DESK- up from $2.69M to $3.31M (+23%)--what in the world did they do that requires almost a one fourth increase in costs for this?!? This is the one overwhich they seem to have the most control and causes the biggest jump in the dues from 0.55 to 0.68 per point..This needs some explaining. Has there been some substantial upgrade in this area---I have not heard about it...

Meanwhile they reduced Housekeeping, Member Activities and Maintenance...three things that I think members will and already may be noticing...

At first glance I am not happy.

 

[DebbieB]

Does anyone know whereI can find the Dues history for all of the DVC's. Thanks

See this thread:

http://www.disboards.com/showthread.php?t=962871

 

[JandD Mom]

They also showed $16,867,424 estimated to be in the interior refurbishment fund at the end of this year. IMHO I'd like to see them start to spend some of those dollars to do some refurbisments in the units, they're starting to show their age a bit.

The last refurb was in 2001. I thought the next one was scheduled for 2006. Does anyone know?

 

[Donna]

The last refurb was in 2001. I thought the next one was scheduled for 2006. Does anyone know?

during my trip last month, they were replacing couches. i know the couch in our studio was in horrible condition. holes in the arms of the couch and crayon writing on the cushions as well as brownish yellow stains (you could tell it had been wet) on the cushions. we tried to turn them over to not see them but was only met with add'l stains. Add that to the fact that the couch can barely be opened, the frame was severely bent, i'd say its time to spend some of that money on new couches for you BWV owners.

 

[cobbler]

Insurance- up from $506,847 to $845862 (+67%) Hurricanes? Seems a huge jump to me.

Well it is a lot but the insurance company needs to get their money from somewhere. They have paid out a lot in the last couple years.

Want to know whats really sad. I live in MI and our insurance has gone up quite a bit to offset what they paid out in hurricanes. It makes me upset that my insurance goes up because of something that won't happen to me in MI.

 

[PKS44]

Does anyone have the transporation budget for last yar for the BCV?

 

[sjdisneywedding]

might look bad when you look at last year to this year, but overall since 96 the dues has only gone up an avergae of about 2.6-2.7 per year.

Thats really not too bad at all

 

[crisi]

finally the biggest change (money wise not percentage wise)is:
Administration and FRONT DESK- up from $2.69M to $3.31M (+23%)--what in the world did they do that requires almost a one fourth increase in costs for this?!? This is the one overwhich they seem to have the most control and causes the biggest jump in the dues from 0.55 to 0.68 per point..This needs some explaining. Has there been some substantial upgrade in this area---I have not heard about it...

My guess is that the major portion of this cost is labor. And the major portion of the jump is health insurance costs.

 

[PKS44]

so why is Front desk at BW RESORT so much more expensive to run than the SSR? BWV comprises about 58% of the BWI/BWV complex by capacity--the costs for running the front desk are probably split for the desk similarly...(I could argue that since the BWV guests are in GV and 2BR there are fewer rooms to check in the same number of guests so the number of "Check-ins" is not actually 58% but let's let that slide for now)

That makes $5.7M for Front desk at the BW..
SSR which is ALL DVC is $2.5M to administer and run Front desk...Does Valet parking- which I believe is folded into this part of the budget-cost $3.2 Million a year? Boy that would be some "free" perk we are getting...

and if BCV is 19% of the YC/BC/BCV complex and is charged 19% of the Front desk that means the YC/BC/BCV desk is $9.5M a year..

Of course I don't if this is how they are splitting the costs...but I want to know how...bigger resorts should have more costs but the per point cost should end up being similar...again BWV 0.68 per point/ SSR 0.36 per point, and BCV 0.59 per point for Front desk...

this all needs to be explained further.

Paul

 

[DrTomorrow]

I'd be interested in hearing DVC response to this issue. All I can think of is that the 'better service & additional amenities (greeters, significantly greater bell service, valet parking, etc)' have a cost associated with them that gets passed along.

 

[lark]

finally the biggest change (money wise not percentage wise)is:
Administration and FRONT DESK- up from $2.69M to $3.31M (+23%)--what in the world did they do that requires almost a one fourth increase in costs for this?!? This is the one overwhich they seem to have the most control and causes the biggest jump in the dues from 0.55 to 0.68 per point..This needs some explaining. Has there been some substantial upgrade in this area---I have not heard about it...

Was there no corresponding jump in the other resorts?

The minimum wage increase enacted in 2004 by Florida voters took effect in May 2005, which I'm sure raised labor costs all across the board at WDW.

 

[PKS44]

Was there no corresponding jump in the other resorts?

The minimum wage increase enacted in 2004 by Florida voters took effect in May 2005, which I'm sure raised labor costs all across the board at WDW.

Good question...does anyone have similar comparisons of cost changes in the budget for 2005 to 2006? Please post them.

Again even if labor goes up --it should be going up across the board and I have a hard time understanding how the BWV owners end up paying so much more for front desk than the SSR owners...given that the BWV owners share the desk with BWI---if the entire cost is being born by BWV owners and BWI pays nothing than that would be an illegal use of BWV fees to pay for non timeshare expense. If BWI is paying whatever it's fair share is than the budgetr for the front desk is still really big and much bigger than a place like SSR which is all DVC....I just don't get it...